Page 5 - Banking Fiannce March 2018

BANK UPDATE

BANKING

NEWS
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50 lakh Jan Dhan Ac- IBA's first woman chief - U. Ananthasubramaniam

counts closed Usha Ananthasubramanian, MD and CEO, Allahabad Bankhave
been elected the first woman chairman of Indian Banks' As-
Till December 2017, 49.50 lakh Jan sociation (IBA) for the year 2017-18. Rajnish Kumar, Chairman,
Dhan Accounts State Bank of India, was elected Deputy Chairman of IBA for
were closed, of the year 2017-18. IBA is the banking sector's industry body,
which at least with objective of promoting and developing sound and pro-
50% of the ac- gressive banking principles, practices and conventions and to
counts being in contribute to the developments of creative banking in the country.
Uttar Pradesh,
Madhya Pradesh, Gujarat, Tamil SBI's mega recruitment drive
Nadu and Rajasthan. Only 24.64 First time after the merger of its assocites since the last year, SBI announces a mega
crore accounts are operational, out
recruitment drive of about 8,300 clerks including 7,200
of 31 crore accounts across India, in clerical posts in customer support and sales roles, and
which transactions were meade in 1,101 backlog vacancies. "This is quite unexpected. With
the last 24 months. Jan Dhan Ac- reports of excess staff after the merger and rationalisation,
counts were introduced by the Gov- nobody in the job market expected SBI to come up with
ernment to use it for direct benefit this recruitment now," CS Vepa, Director, National School of Banking.
transfer schemes and providing acci-
dent and life insurance. As the recruitment is state-wise and circle-based, a proficiency test for non-lo-
cal candidates to ascertain knowledge of local language becomes compulsory
Demonetisation in and the exam has been made tougher at the preliminary level. It is open to all
graduates. SBI has rationalised its 1344 branches/administrative officers, sav-
creasess hare of house- ing Rs 1,150 crores per annum. The total staff strength as on September 30,
holds in bank deposits 2017, was 2,69,219 against 2,79,803 as on March 31, 2017.
RBI data shows increase by 2% in Karnataka Bank turnover rises above Rs.1 lakh cr
share of households in savings bank
Mahabaleshwara MS, Managing Director and CEO of the Karnataka Bank,
deposits in FY 17 due to note ban-
driven spurt. The overall deposits by proudly mentioned that the bank had started with a
households increased by 14.14 % to nominal seed capital of Rs.11,580, 93 years ago, had
Rs.69,13,900 crore as against an grown from strength to strength achieving many
11.20 % rise in total deposits to Rs. milestones.The Bank has surpassed a business turnover
1,09,43,700 crore. of Rs.1 lakh crore and it has a customer base of over
90 lakhs.

BANKING FINANCE | MARCH | 2018 | 5